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Stock Prices Close Mixed
As P&G Hurts Industrials

By

Robert O'Brien Dow Jones Newswires

Updated June 3, 1997 12:01 a.m. ET

NEW YORK -- Weak performances by a few blue-chip stocks Monday, notably in the consumer-products arena, cast a small pall over an otherwise stationary trading session and left major market averages mixed.

Shares of Procter & Gamble fell 4 1/4 to 133 5/8. The stock was whacked by a combination of rich valuations, a ratings downgrade by Smith Barney, and a fitful performance by the overall consumer-products group.